Short brief
PTKM
Summary: The leading regional fertilizer producer with some 1.3 mil. tonnes of capacity, 2011(E) revenues 400 mil. Euro. Successfully accomplished a turnaround and is rather profitable already in 2011. The business environment from 2012 from on will be much more favorable (finally able to buy gas at market prices). Traded at P/S(e) = 0.2 (!?)
Production of Petrokemija 1.3 mil tonnes
Urea 31 %
Can 25 %
NPK 44 % (Complex fertilizers)
The main problem in past was government regulation of fertilizer prices in favor of agriculture, and monopolized gas market, entering in EU, environment in Croatia is changing so Petrokemija can be profitable.
Main site of PTKM
http://www.petrokemija.hr/Default.aspx?tabid=57
English news from Petrokemija
http://www.petrokemija.hr/Default.aspx?tabid=166
QUARTERLY REPORT
PETROKEMIJA d.d. KUTINA
PETROKEMIJA GROUP
Kutina, October 28,
REPORT FOR PERIOD January to September 2011
INTERIM REPORT FOR PERIOD July to September 2011
http://www.petrokemija.hr/Portals/0/Financije/QuarterlyFinancialReportPetrokemija3q2011.pdf
More older reports in English at
http://www.petrokemija.hr/Default.aspx?tabid=165
Econimic data summary, for more information you must register on site, it's free
http://mojedionice.com/fund/dionica.aspx?sifSim=PTKM-R-A